TRESKE_HOLDINGS_LIMITED - Accounts

TRESKE HOLDINGS LIMITED - Company Information

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Company Registration No. 04011594 (England and Wales)

TRESKE HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

TRESKE HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TRESKE HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Investments

425,715

400,715

Current assets

Debtors

49,377

Creditors: amounts falling due within one year

(422,670)

(455,605)

Net current liabilities

(422,670)

(406,228)

Total assets less current liabilities

3,045

(5,513)

Capital and reserves

Called up share capital

Profit and loss account

2,951

(5,607)

Shareholders' funds

3,045

(5,513)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 May 2015

Mr J Bartlett

Director

Company Registration No. 04011594

TRESKE HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Although the company has net current liabilities, the financial statements have been prepared using the going concern basis. As at 31 December 2014 the company had net current liabilities of £422,670 (2013: £406,228). Included within current liabilities are amounts owing to its trading subsidiary of £394,955 (2013: £454,955). The company is therefore reliant upon the continuing support of its trading subsidiary company, Treske Limited.

1.2

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.3

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 January 2014

400,715

Additions

25,000

At 31 December 2014

425,715

At 31 December 2013

400,715

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Treske Limited

England

Ordinary

100.00

TRESKE HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Treske Limited

The manufacture and retail of solid wood furniture

763,052

88,225

Share capital

2014

2013

Allotted, called up and fully paid

94 Ordinary shares of £1 each

Related party relationships and transactions

Loans to directors

During the year advances were made by the company to the director, Mr J Bartlett amounting to £80,000 (2013: £63,093). At the year end there is an amount owed by the company to the director, Mr J Bartlett of £26,375 (2013: £49,377 debtor). This amount is included in other creditors. Interest of 4% has been charged on the overdrawn loan which is repayable on demand. During the year the maximum amount that the loan was overdrawn by amounted to £129,377.